Key Takeaways: EPWK, which helps small and medium-sized companies find gig workers, has raised its IPO fundraising target by about a third from its original plan in February 2023 While demand for crowdsourcing platform services has recovered from a pandemic downturn, China’s slowing economy has eroded the company’s margins read more
Li Auto Inc (NASDAQ: LI) reported Q3 2024 revenue growth of 23.6%, beating analyst consensus. Adjusted net earnings of $0.50 per ADS also exceeded expectations. Vehicle sales and income from operations increased. Q4 outlook shows expected revenue and vehicle delivery growth. LI stock down 5.39% in premarket. read more
SpaceX CEO Elon Musk on Wednesday endorsed the idea of putting Starlink hardware together with solar panels and battery. read more
Jack Dorsey, the CEO of Block Inc. (NYSE:SQ), has announced a fresh wave of layoffs at the music streaming service Tidal, which Block owns. read more
SMCI closed 32.68% lower on Wednesday. read more
Samsung Electronics, South Korea’s largest company, reported a net income of 9.78 trillion won ($7.1 billion) for the September quarter, with its chip division earning 3.86 trillion won ($2.8 billion) in operating profit. read more
Fima praised Meta for its dominance in targeted advertising and strong user engagement, which fosters a beneficial cycle between users and content creators. read more
Griffin also commented on market volatility, suggesting that the election’s conclusion would reduce uncertainty, benefiting asset prices. read more